Counter-Strike 2 skin marketplace SkinBid has announced it has declared bankruptcy four years after its launch.
The marketplace, owned by notable CS2 streamer Mark ‘ohnePixel‘ Zimmerman and Oliver ‘zipeL‘ Behrensdorff, was placed under bankruptcy proceedings on November 21st, 2025, in accordance with Danish law.
Announced on November 27th, the marketplace will remain open for users to withdraw their remaining balances and items. All withdrawals must be completed by December 5th to avoid the risk of losing any items.
SkinBid hasn’t revealed the reason behind the closure. However, it follows a turbulent period for the Counter-Strike skin market. The announcement comes a month after Valve introduced a Trade-up contract, allowing players to exchange five Covert skins for a chance to earn a knife or a pair of gloves.
As a result of the update, CS2’s skin economy lost half of its value. Since the update, the market continues to recover, reaching a market cap of $5.4bn (~£4.08bn).
“400,000 amazing users, great employees and four years of hard work comes to a close,” said Oliver ‘zipeL’ Behrensdorff, SkinBid’s co-owner. “My dream was to run an EU-compliant marketplace. I did, but ultimately it did not work out. Sorry to those we disappointed. My focus for now is to assist in shutting down in an orderly fashion.”
“It’s a lose-lose-lose for everyone,” added OhnePixel during a recent broadcast. “I remember when I announced it, it was a dream come true. I haven’t been a part of it for a year, but if anyone still has skins, withdraw them.”
CS2 Skins In 2025
The closure of SkinBid is a blow to players looking for a safe platform to trade their skins with other users. Despite its demise, CS2’s skin economy continues to provide opportunities for companies and esports organisations competing in Valve’s first-person shooter title.
In October, French esports organisation Team Vitality joined forces with fellow skin marketplace Skin.Land, while September saw BIG extend its existing deal with SkinBaron.
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